The comments come amid rampant speculation about the Fed's next move, but Williams did not address monetary policy in specifics.
New York Fed President John Williams said low inflation is a "pressing problem" in developed economies.
John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019.called on Thursday for central banks to change their strategy to combat low inflation, which he labeled "a symptom of deeper problems affecting advanced economies." The Fed considers 2% a healthy level of inflation, but it has been unable to consistently meet that goal throughout an economic recovery that is nearing the longest on record. Markets lately have been betting that the Fed will begin cutting rates later this year, as many as three times, in part because inflation has remained so low.
With those factors likely to persist, he called on the Fed and its global counterparts to change their approach to monetary policy.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fed Governor Brainard backs up Powell's view that the Fed is 'prepared to adjust policy'The remarks echoed those a day earlier from Fed Chairman Jerome Powell and others who said they are closely watching the impact the trade war is having on the economic outlook.
Weiterlesen »
Fed mulls next trip to zero with discussion of how, when to roll out QE againResigned to holding trillions of dollars in bonds and buying yet more to fight f...
Weiterlesen »
Stocks Close Sharply Higher as Fed Hints at Possible Rate CutMajor indexes rose, with the Dow climbing 512 points, as Fed officials hinted the central bank could lower interest rates if the economy slows.
Weiterlesen »
Powell says Fed 'will act as appropriate' to sustain economic growthFed Chair Jerome Powell says the central bank is 'closely monitoring' America's trade disputes and will 'act as appropriate' to sustain economic growth. His remarks are helping to send the Dow toward its best day since February.
Weiterlesen »
Instant View - Fed will respond 'as appropriate' to risks like trade war: PowellThe Federal Reserve will respond 'as appropriate' to the risks posed b...
Weiterlesen »
Clarida says Fed cannot be 'handcuffed' to U.S. market pricesThe U.S. Federal Reserve will consider investors' expectations when they we...
Weiterlesen »